PANews, July 21 — According to Cointelegraph, $Coinbase (COIN.US)$ Ryan VanGrack, Deputy Chairman, stated that Democratic lawmakers in the U.S. Senate have added provisions on customer protection to the digital asset market structure bill currently under consideration, known as the CLARITY Act. These new provisions aim to ensure that digital asset trading platforms better safeguard consumer interests during their operations, including by enhancing transparency requirements, preventing fraudulent activities, and securing customer funds. He added that these consumer protection measures are the result of bipartisan cooperation and reflect legislators' growing attention to the digital asset market.
The bill is currently still under review in the Senate and has not yet reached the final voting stage. VanGrack made these remarks during a public discussion on digital asset regulation, emphasizing that Coinbase supports the establishment of a balanced regulatory framework that both fosters innovation and protects investors.